Synthomer (LON:SYNT) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Synthomer plc (LON:SYNT) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 61.54 and traded as low as GBX 55.20. Synthomer shares last traded at GBX 56.70, with a volume of 221,171 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Synthomer from GBX 96 to GBX 62 and set a “hold” rating on the stock in a research note on Monday, February 2nd. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 90.50.

Synthomer Trading Up 1.6%

The company has a market capitalization of £92.69 million, a PE ratio of -1.11, a P/E/G ratio of -0.17 and a beta of 1.79. The company has a debt-to-equity ratio of 78.27, a quick ratio of 0.97 and a current ratio of 1.90. The business has a fifty day moving average price of GBX 59.52 and a 200 day moving average price of GBX 61.54.

About Synthomer

Synthomer plc is a leading supplier of high-performance, highly specialised polymers and ingredients that play vital roles in key sectors such as coatings, construction, adhesives, and health and protection – growing markets for customers who serve billions of end users worldwide.

Headquartered in London, UK and listed on the LSE since 1971, we employ c.3,900 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.